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UBS announces leadership changes

Zurich/Basel
|
01 Dec 2011, 07:00
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Price Sensitive Information

Philip J. Lofts appointed Group Chief Risk Officer, replacing Maureen Miskovic who will leave UBS Robert J. McCann appointed CEO UBS Group Americas Ulrich Körner appointed CEO UBS Group Europe, Middle East and Africa

Zurich/Basel, 1 December 2011- Philip J. Lofts, CEO UBS Group Americas, resumes his former role as UBS's Group Chief Risk Officer (CRO). Philip J. Lofts was Group CRO between November 2008 and December 2010, becoming CEO UBS Group Americas in January 2011. He joined UBS in 1984. Maureen Miskovic, Group Chief Risk Officer since January 2011, will leave UBS.

Robert J. McCann, who joined UBS in 2009, will assume the role of CEO UBS Group Americas in addition to his current role as CEO Wealth Management Americas.

Ulrich Körner, who joined UBS in 2009, will take over the role of CEO UBS Group Europe, Middle East and Africa in addition to his current role as Group Chief Operating Officer and CEO Corporate Center.

All these changes are effective immediately. Philip J. Lofts, Robert J. McCann and Ulrich Körner continue to be members of the Group Executive Board.